The WHISKY TOKEN introduces itself
How do you bring whisky the liquid gold to the blockchain — And how do you create perfect synergies?
Individual whisky bottles are now traded for € 1.000.000. Interest in high-quality bottling aged for a long time in noble barrels is growing worldwide, especially in Asia. New fillings are becoming smaller and more expensive. As can be seen on pages like whiskystats.net, annual double-digit returns are not uncommon.
Most people are unlikely to be able to participate in this growth. Single bottles often cost more than 2.000€ and are sold out very fast. In addition, many bottlers bring hundreds of new bottlings onto the market each year, not all of which are a good profitable line.
The German WHYTOKEN GmbH wants to use the attractive secondary whisky bottle collector market to bring more stability to the crypto market. Currently, almost all crypto currencies are threatened by high volatility. The WHISKY TOKEN (WHY) is different! The innovative Asset-Back Mechanism limits the risk for investors.
On 01 December 2018 the ICO starts and 95% of the money raised is invested in a high-performance whisky bottle portfolio. Should the market capitalization of the WHISKY TOKEN fall below the value of the portfolio for more than one month after the WHISKY TOKEN is traded on the crypto exchange, then WHYTOKEN GmbH will start with the buyback of WHISKY TOKEN. These are repurchased at the current and fair market value of the portfolio until the market capitalization of WHISKY TOKEN again exceeds the value of the portfolio. Tokens purchased by WHYTOKEN GmbH are permanently destroyed (burnt). Investors thus have a very low risk.
The location Germany offers a high legal security. The ICO is advised by the Winheller law firm, which has already advised well-known names in the crypto world. BaFin agrees with the expert opinion of Winheller and sees no security token in WHISKY TOKEN.
WHYTOKEN GmbH uses statistical models as well as the concentrated and long-standing expertise of the various and independent consultants in compiling the portfolio. Relationships with various distilleries and bottlers ensure optimal and extremely exclusive market access.
The WHISKY TOKEN ICO starts on 1 December and is divided into three phases. Each phase is limited and has only a small number of WHISKY TOKEN. The first phase starts with an attractive 33% discount. A WHY costs 0.80€ and can be purchased with Ether, Bitcoin or Fiat. The minimum investment is only 30€, so everyone can participate in the WHISKY TOKEN.
Further information can be found in the Whitepaper and in the Explainer-Video.